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<< The last 2 press releases were quite significant. >>
No, they weren't. It was just more of the same old, same old BS.
Wash, rinse, repeat.....
****4X AS MANY SELLS AS BUYS****
Another day where someone is dumping shares.
Is that you Douchebag?
***** HISTORY OF KBLB (FALSELY) CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has been (falsely) claiming that they have been in production for over 10 years. In reality, they haven't produced more than a dozen kilos of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past decade that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
DON'T BUY THE HYPE, OR THE SNAKE OIL
That is completely correct. As soon as a PR is shown to be a lie, then it is deemed "too old".
The Douchebag CEO and his rah rah pumping cult want new investors to only look at the last few PRs, and ignore the last 15 years of history from this POS company.
Luckily, only a few dumb investors are buying into that load of BS.
****INVESTORS DUMPING****4X AS MANY SELLS AS BUYS****
This shows that investors are NOT buying the BS that the Douchebag CEO is pumping.
924K SHARES SOLD
227K shares bought
<< March 28, 2024 - Next week will be excellent…. >>
WRONG AGAIN! (as usual)
When you wrote that, the share price was about 9.8 cents. The following week, it plummeted all the way down to 7 cents (or about 30%).
Many of the rah rah pumpers have tried to say that Vietnam is "backing" KBLB (to insinuate that Vietnam legitimizes KBLB).
Well, here is news today that shows that fraud is rampant in Vietnam as well.
Vietnam property tycoon Truong My Lan sentenced to death in whopping $27 billion fraud case
https://www.cbsnews.com/news/vietnam-property-tycoon-truong-my-lan-death-sentence-fraud-embezzelment/
<< The technology is fine >>
No, it isn't. It is still very much a college experiment.
These are KBLB's own words from the most recent S-1A (#15 from 22 Nov 2023):
<< I have found that KBLB uses the word production rather loosely to mean other things besides the actual production of spidersilk. >>
Exactly!
They could make one cocoon and call it "production", and then 2 cocoons would be "doubling", and 3 cocoons would be "ramping up".
<< SAVA over $25 >>
Why? I don't see any news.
***SORDID HISTORY OF THE DOUCHEBAG CEO’S NEFARIOUS SCHEME TO STEAL EVEN MORE POWER FROM SHAREHOLDERS DURING THE PROPOSED REVERSE SPLIT***
On 11 Jul 2019, KBLB announced that they were having a (faux) shareholders meeting. It was a "faux" meeting, because the Douchebag CEO had enough votes to enact anything he wanted, and the votes of the average shareholder weren't really needed. This was later admitted by the company when they had another vote without the average shareholder.
One of the main purposes of the meeting was to "vote" on a reverse stock split of between 10:1 and 40:1. But buried in an obscure SEC file attachment was text that showed that the plan was to reverse split ALL of the shares EXCEPT for the preferred shares (aka super voting shares worth 400 MILLION votes), and those preferred shares were owned by the Douchebag CEO himself. In other words, if the reverse split went through then his voting power would have increased from around 52% (at that time) to 95%+ (at 40:1).
On 6 Jul 2020, about a year later, KBLB filed Articles of Amendment without any announcement to enact the 40:1 reverse split (on 15 Jul) with the Wyoming Secretary of State. If this would have gone through, then his devious plan would have worked. On 10 Jul, KBLB filed (again) with the WY SOS to delay the date for 40:1 reverse split to 23 Jul. On 20 Jul, KBLB filed with the WY SOS to cancel the reverse split that was to happen 3 days later.
On 25 Jul 2021, KBLB had a "vote" to reverse split the preferred shares at the same ratio as the common shares. This time, the average shareholder was excluded from the vote (because the Douchebag CEO had the majority vote, just like he did at the "faux" shareholders meeting).
One will notice that it took over 2 years for the Douchebag CEO to finally concede his plan.
The first item of concern in all of this is that the Douchebag CEO tried to make it appear that the votes of the average shareholder counted (when they didn't, since he held a majority of the vote). He was just trying to give legitimacy to the vote by saying that the "shareholders voted on the matter".
The second item of concern is that the Douchebag CEO never mentioned at the shareholders meeting that his 2 preferred shares were NOT going to be reverse split. He tried to play it off like the reverse split was needed to uplist the stock to the NASDAQ (which never happened and wasn't even close).
The third item of concern is that the Douchebag CEO tried to enact the reverse split by sneaking a filing with the WY SOS and never mentioning it publicly through a PR.
The fourth item of concern is that it took over 2 years for Mr Scumbag CEO to concede the plan (which should have never been conceived in the 1st place).
<< see PR 12-19-2023 with photo. >>
That photo could have been taken days, weeks, or months before.
Jon (the COO) hasn't been mentioned in a single PR since November. Is he even in Vietnam? Or has the Douchebag CEO kicked him to the curb?
<< Looks as though they haven’t even started yet! >>
Yes, they have now kicked the can down the road until at least Q3....
Wash, rinse, repeat....
<< VIETNAM ANNOUNCES BAM - 1 WILL BE PROTECTED BY THEM!!! >>
LOL
BAM hasn't even been trialed or tested yet. "Spring" trials (which will soon turn into "Summer" trials) haven't even started yet, and won't for a long time (since KBLB still needs a business license for their new location and also needs to complete renovations on their new facility).
BAM is just another hybrid in a long, long list of hybrids (Big Red, Monster Silk, Dragon Silk, DS2, etc) that KBLB has created and have been worthless.
***KBLB ADMITS THEY HAVE NOT DEMONSTRATED "COMMERCIAL VIABILITY"***
These are KBLB's own words from the most recent S-1A (#15 from 22 Nov 2023):
***** HISTORY OF KBLB (FALSELY) CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has been (falsely) claiming that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
Where is news on the new business license for Prodigy Silk?
KBLB stated that they were "expecting" to have the application filed by the end of March, but as usual their timelines are meaningless. They have had a whole month to fill out an application and submit it.
<< This is exciting news. >>
There have been dozens if not hundreds of "exciting" PRs.
Let's take a look at some of KBLB's PRs over the years:
- How about the PR that (falsely) stated that they were going to make their 1st delivery around Oct 16, 2022?
More pretty words on worthless paper.
No commercial production.
No revenue.
No word on "Spring" trials.
Just more forward-looking nonsense coming from the Douchebag CEO.
It has been over a decade and a half. How much long will certain investors be fooled by this nonsense?
<< In exchange for "Debt Cancellation!" >>
First, according to the recent Annual 10-K, the Douchebag CEO gave himself almost $900K last year and cancelled $20K. So he cancelled about 2% of what he gave himself. Big friggin deal.
Second, he gave himself the deal of the century. He only paid $20K for 200 MILLION votes. In order for the general public to get 200 MILLION votes, they would need to buy 200 MILLION shares on the open market. At the current share price (0.0705), that would come to over $14 MILLION. I am sure that there are many on this board that would have paid much more than $20K to have that sort of control over the company.
<< Hardly a scumbag. >>
No, definitely much more than a scumbag and douchebag combined.
<< Putting a link to the entire 10K is very disingenuous! >>
I didn't put a link to the 10K. I put a link to the 8K where the actual announcement from KBLB was made.
*****NEWS: DOUCHEBAG CEO GIVES HIMSELF ANOTHER 200 MILLION VOTES*****
He also created another 200 MILLION votes that he can give himself in the near future.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1413119/000149315224012374/form8-k.htm
<< What happened to concerns about character assassination? >>
<< When it suits you, you are perfectly comfortable with personal attacks >>
OK, so I can be attacked dozens of times and called all sorts of derogatory names (shitslinger, paid basher, miserable POS, etc), but if I respond once by calling someone a "baby" that is where we draw the line?
OK, I got it. LOL.
*****KBLB's PRINCIPAL EXECUTIVE OFFICE IS A VIRTUAL OFFICE*****
Virtual offices are a very common tactic that many OTC stinky pink penny stock scams use (to make them look legitimate).
The address listed on their website AND on their SEC filings is:
<< then you go a completely one sided harangue... >>
So when the devil makes up a good-sounding lie, you should just agree with him?
<< as long as those issues are of a nature thats fairly current >>
That is a bunch of BS and you know it.
I have been posting issues over the past few days that have appeared in the recent 10-K (posted just 5 days ago), and have been attacked again and again.
Almost everybody knows that there are massive issues with the company, and that is why the stock price has dropped massively this week.
It has nothing to do with whether the issue is current or accurate. If it doesn't spew the fairy tale BS rainbows and unicorns, then the person is attacked.
<< you are just a miserable POS >>
And that is EXACTLY how the arguments always end with the rah rah pumper cult. Since you can't refute the facts, you will then attack the person.
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC 10-K filing (filed on 1 Apr 2024):
<< When was the last time you looked at both the pros and cons of investing in KBLB? >>
I look at both sides all the time. KBLB is a POS penny stock run by a Douchebag CEO that lies all of the time. He has continuously stuffed his pockets full of money while sucking the company dry. He is a kniving POS. There have only been 2 Shareholders Meetings in the decade and a half that this company has been public. In the 1st meeting, he gave himself 2 Series A shares (worth 400 MILLION votes). In the 2nd meeting, he tried to reverse split all shares EXCEPT his own 2 Series A shares (which would have given him 95%+ control of the company). He gives himself a 6% pay raise EVERY YEAR (even though the company hasn't done anything of consequence for 15+ years). He gives himself a 20% bonus EVERY YEAR. He has given himself 100s of MILLIONs of shares over the past decade and a half. He bought land in Texas and had the company pay for it. He has given himself a golden parachute if he fires himself. He doesn't hold annual Shareholders Meetings (even though he is legally required to). He just gave himself another Series A share (worth 200 MILLION votes). And the list goes on and on and on....
<< Someone asked you some simple questions the other day about the purpose behind your relentless attacks. As usual, you chose to skip over it >>
Because this board isn't about me. This board is for discussing the company KBLB, SEC filings, PRs, share price, competition, industry, its employees, etc. It isn't about its board members.
I understand that the main strategy of the rah rah pumpers is to attack anyone and everyone that question or oppose KBLB. There is a name for that - character assassination. It is an attempt to try to scare them away from the board or to distract from the actual merits of the evidence that is presented and shift the focus to the author. It might work for some, but won't work against me.
Thank you for your very uplifting post. I very much appreciate your response. As you state, it is very smart to always look at both sides of an argument (but that is anathema to the rah rah pumpers who only want you to listen to their BS).
***** HISTORY OF KBLB (FALSELY) CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has been (falsely) claiming that they have been in production for over 10 years. In reality, they haven't produced more than a few pounds of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past 10 years that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
Jul 19, 2023 - New Sericulture Experts Join Kraig Biocraft Laboratories, Bringing Extensive Experience Supporting Acceleration Of Production Ramp-up
DON'T BUY THE HYPE, OR THE SNAKE OIL
****NEWS****KBLB DOWN 12% ON HEAVY VOLUME****
This is the 3rd day in a row that it has dropped dramatically.
Is it the Douchebag CEO dumping shares? One of his minions? Or one of his rah rah pumpers?
<< Does anyone know for sure if Kim is back yet? >>
I doubt that he is back.
The PR last Friday stated that he was in Vietnam "working to prepare". So they aren't even preparing yet. They are "working to prepare". And what are they "working to prepare"? The "launch of the .... spring .... trials".
KBLB has stated that they will need to get a new business license for the new facility and finish renovating the new facility. That all needs to happen before the trials start.
<< I just talked to Ben >>
First, Ben is an idiot. His word is useless. He has been wrong time and time and time again.
Even one of the rah rah pumpers stated "i dont believe ben has a clue what he is talking about" and "what can you expect from someone who does most of his "work" from the basement of his house while watching cartoons and sipping margaritas..."
Second, didn't Ben tell someone on this board that he hasn't been paid by KBLB in years?
****NEWS****ONLY 1 FULL-TIME EMPLOYEE ADDED IN 2023****
With all of the talk about hiring personnel over the last year, one would have thought that KBLB might have doubled or tripled their staff.
<< I have never ever "dumped" one share. >>
That is a blatant lie. You even admitted to dumping shares on iHub.
Your record shows that your word is worthless....
Is that the Douchebag CEO dumping shares?
Or is it one (or more) of his scumbag rah rah pumper minions?
Remember, if someone is telling you to buy or to hold, then they are probably dumping....